v3.23.2
Subsequent Events
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events
Note 14. Subsequent Events
On July 31, 2023, the Company completed its purchase of certain technology assets and customer relationships from Hopin, Inc. (“Hopin”), a virtual events platform for an upfront purchase consideration of $15 million and an additional consideration of up to $35 million (contingent consideration) based on the achievement of specified performance targets. The acquired technology will be incorporated into RingCentral’s global communications platform, providing customers with enhanced virtual events and webinar experience. Management is currently in the process of evaluating the impact of this transaction on its condensed consolidated financial statements.